facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Lease

/

345 Butler Street,Brooklyn,...

ZeroSpace Leases Industrial Space At 345 Butler Street Brooklyn With Jon Kamali & Brad Cohen As Brokers
LEASEDIndustrial

ZeroSpace Leases Industrial Space At 345 Butler Street Brooklyn With Jon Kamali & Brad Cohen As Brokers

345 Butler Street,Brooklyn,New York

$50

$50/SF

Building Size

61,500 SF

Asset Type

Industrial

Closing

Jan 1, 2023

AI

The industrial property located at 345 Butler Street in Brooklyn has recently been leased. The tenant, ZeroSpace, has signed a lease agreement with the landlord, Kenneth Chan. The property spans a total of 61,500 square feet. The asking rent for the space is $50 per square foot. This lease agreement was facilitated by brokers Jon Kamali from J3K Real Estate and Brad Cohen from CBRE.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Date: 01/01/2023
  • Address: 345 Butler Street
  • Market: Brooklyn
  • Landlord: Kenneth Chan
  • Tenant: ZeroSpace
  • Brokers: Jon Kamali - J3K Real Estate, Brad Cohen - CBRE
  • Asking Rent: $50 per square foot
  • Square Footage: 61,500

Jon Kamali from J3K Real Estate and Brad Cohen from CBRE played a crucial role as brokers in this lease transaction. They worked on behalf of the tenant and the landlord, respectively, to negotiate favorable terms and ensure a successful deal. Their expertise and experience in the real estate market were instrumental in finalizing the agreement between ZeroSpace and Kenneth Chan.

Players

Bradley Cohen

CBRE

Broker

$134.5M

vol

11 deals

Broker

Kenneth Chan

Landlord

$50M

vol

3 deals

Landlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93